Antero Resources Corporation (AR) reported first-quarter 2025 adjusted earnings of 78 cents per share, which missed the Zacks Consensus Estimate of 90 cents. The bottom line increased from the year-ago reported figure of 7 cents.Total quarterly revenues of $1,353 million missed the Zacks Consensus Estimate of $1,399 million. The top line increased from the year-ago figure of $1,122 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Weaker-than-expected quarterly results can be ...

Antero Resources (AR) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Company Participants Brendan Krueger - VP of Finance & TreasurerPaul Rady - Chairman, President and Chief Executive OfficerDavid Cannelongo - Senior Vice President of Liquids Marketing & TransportationJustin B. Fowler - Senior Vice President of Gas Marketing & TransportationMichael Kennedy - Senior VP of Finance & CFOJohn Freeman - Managing DirectorJohn Abbott - E&P Research Vice PresidentKevin MacCurdy - Managing DirectorNeil Mehta - Head ...

Antero Resources (AR) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Speaker0 As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brendan Krueger, Vice President of Finance. Thank you, sir. You may begin. Speaker1 Thank you and good morning. Thank you for joining us for Antero's first quarter twenty twenty five investor conference call. We'll spend a few minutes going through the financial and operating highlights and then we'll open it up for Q and A. I would als ...

2025 Guidance & Hedge Position 2 Guidance 2025 Guidance Ranges | Net Production (Bcfe/d) | 3.35 – 3.45 | | --- | --- | | Net Natural Gas Production (Bcf/d) | 2.16 – 2.20 | | Net Liquids Production (Bbl/d) | 198,000 – 208,000 | | Net Daily C3+ NGL Production (Bbl/d) | 113,000 – 117,000 | | Net Daily Ethane Production (Bbl/d) | 76,000 – 80,000 | | Net Daily Oil Production (Bbl/d) | 9,000 – 11,000 | | Natural Gas Realized Price Expected Premium to NYMEX ($/Mcf) | $0.10 to $0.20 | | C2 Ethane Realized Price - E ...

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Antero Resources (AR) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.33%. A quarter ago, it was expected that this oil and natural gas producer would post earnings of $0.31 per share when it actually produced earnings of $0.58, delivering a surprise of 87.10%.Over the last four q ...

Financial Performance - Net income was $208 million, and Adjusted Net Income was $247 million, reflecting increases of 110% and 75% in Adjusted EBITDAX to $549 million[4]. - Free Cash Flow for the quarter was $337 million, significantly up from $15.5 million in the prior year[5][6]. - Total revenue increased from $1,122,271 in Q1 2024 to $1,352,707 in Q1 2025, representing a growth of 20.5%[43]. - Natural gas sales surged from $474,133 in Q1 2024 to $780,005 in Q1 2025, an increase of 64.3%[43]. - Operating income rose significantly from $47,739 in Q1 2024 to $271,472 in Q1 2025, marking an increase of 468.5%[43]. - Net income attributable to Antero Resources Corporation increased from $22,730 in Q1 2024 to $207,971 in Q1 2025, a growth of 817.5%[43]. - Cash flows from operating activities improved from $261,610 in Q1 2024 to $457,739 in Q1 2025, an increase of 75.0%[45]. - Adjusted EBITDAX for the three months ended March 31, 2025, was $549,428, up from $262,087 in the same period of 2024, indicating a 109% growth[33]. - For the twelve months ended March 31, 2025, Adjusted EBITDAX totaled $1,219,666, compared to $1,282,398 for the previous year, showing a decrease of about 4.9%[34]. Production and Operations - Net production averaged 3.4 Bcfe/d, including 2.2 Bcf/d of natural gas and 206 MBbl/d of liquids[4]. - The company placed 26 horizontal Marcellus wells to sales with an average rate of 32 MMcfe/d per well[16]. - Drilling and completion capital expenditures were $157 million, 16% lower than the prior year[4][17]. - Daily combined production decreased by 1%, from 3,426 MMcfe/d in Q1 2024 to 3,397 MMcfe/d in Q1 2025[47]. - Drilling and completion costs (cash basis) decreased from $188,905 in Q1 2024 to $175,134 in Q1 2025, a reduction of approximately 7.5%[36]. Debt and Equity - Total debt was reduced by $204 million during the quarter, bringing net debt down to $1.29 billion[8]. - Antero purchased 2.7 million shares for approximately $92 million year-to-date, with $1 billion capacity remaining in the share repurchase program[7]. - Stockholders' equity increased from $7,021,650 in December 2024 to $7,218,374 in March 2025, an increase of 2.8%[41]. - Total liabilities decreased from $5,793,517 in December 2024 to $5,640,538 in March 2025, a reduction of 2.6%[41]. Costs and Expenses - Lease operating costs per Mcfe increased by 22%, from $0.09 in Q1 2024 to $0.11 in Q1 2025[47]. - Total operating expenses increased by 1%, from $1,074,532 in Q1 2024 to $1,081,235 in Q1 2025[46]. - Interest expense, net, decreased from $30,187 in Q1 2024 to $23,368 in Q1 2025, a decline of approximately 22.5%[33]. Market and Pricing - Realized a pre-hedge natural gas equivalent price of $4.55 per Mcfe, a $0.90 per Mcfe premium to NYMEX[12]. - Average realized price for natural gas increased by 67%, from $2.36 per Mcf in Q1 2024 to $3.95 per Mcf in Q1 2025[47]. - Antero entered into firm sales agreements for approximately 90% of its LPG export volumes for 2025 at a double-digit premium to Mont Belvieu pricing[9]. Other Financial Metrics - The company reported a commodity derivative fair value loss of $71,671 in Q1 2025 compared to a gain of $9,446 in Q1 2024[43]. - The company experienced unrealized commodity derivative gains of $60,654 in Q1 2025, compared to losses of $8,078 in Q1 2024, indicating a significant turnaround[33]. - Changes in current assets and liabilities resulted in a negative impact of $81,748 for the three months ended March 31, 2025, compared to a positive impact of $14,361 in the same period of 2024[33]. - The company cautions that forward-looking statements are subject to risks including commodity price volatility and regulatory changes, which could materially affect future performance[37].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36120 ANTERO RESOURCES CORPORATION (Exact name of registrant as specified in its charter) (State or other jur ...

DENVER, April 30, 2025 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its first quarter 2025 financial and operating results. The relevant consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Highlights: Net production averaged 3.4 Bcfe/d Natural gas production averaged 2.2 Bcf/d Liquids production averaged 206 MBbl/d Realized a pre-hedge natural ga ...

Antero Resources (AR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...